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Gold continues to lose losses

2021-02-17T09:25:36.040Z


London - SANA Gold prices continued today losses for the fifth session in a row, to fall to nearly a weekly low


London - Sana

Today, gold prices continued losses for the fifth session in a row, to fall to the bottom of nearly two weeks, as the demand for the precious metal was undermined by the increase in US Treasury bonds and the rise of the dollar.

Reuters reported that gold fell 0.1 percent in spot transactions to 1793,37 dollars an ounce, and US gold futures fell 0.6 percent to 1788.40 dollars.

Among other precious metals, platinum, which is used in catalytic converters in the automotive industry, declined 0.6 percent to $ 1254.37, to be traded below the high it reached on Tuesday at $ 1,336.5, which was the highest since September 2014.

Palladium fell 0.1 percent to $ 2,381.14, while silver rose 0.3 percent to $ 27.29.

Source: sena

All business articles on 2021-02-17

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